From: Karl Kelcec [skkelcec@earthlink.net]
Sent: Monday, March 29, 2004 7:24 PM
To: rule-comments@sec.gov
Subject: S7-19-03
I strongly encourage the SEC to allow investor nominees for boards of the
directors on the proxy ballot. It will be a starting point for investors to
use to keep board member honest and accountable for what they do with the
companies the shareholders buy into.
Currently, incumbent board members control the process. Only one candidate
per position is allowed and even if 99.99% of the share holders vote not on
the individual, they can get the position with just .01%
Another problem: though investors can nominate someone, they are not
included on the officially ballot. That person would have to create their
own ballot at their cost and then distribute them to all the shareholders.
With recent corporate scandals such as ENRON and Adelphia, it is clear that
the majority of board rooms across American have little or no interest in
protecting the interest of its investors.
I urge you to allow this simple measure and ignore the anti-investor
rhetoric from board members who have little or no regard for the
shareholders.
Thank you
Karl Kelcec
"Some cause happiness wherever they go; others, whenever they go." -- Oscar
Wilde